The $9tn Question: How to Finance the Green Transition 🌍💰 The stakes are sky-high. To curb average global temperature increases in line with the 2015 Paris Agreement, climate finance needs a massive boost—escalating to about $9tn annually by 2030, a steep rise from the $1.3tn reported in 2021-22 Climate Policy Initiative. The urgency has only intensified since nearly 200 countries committed last year to phase out fossil fuels by 2050. Alongside this, they agreed to triple renewable energy capacity and double energy efficiency by 2030. The International Energy Agency (IEA) Energy Agency forecasts that the public sector must contribute approximately 30% of the necessary global climate finance, with the remaining 70% expected from the private sector. What's Next for the #GreenTransition? 🌱🔋 Could the future lie in smarter regulations, increased public-private partnerships, or expanded concessional finance? Share your thoughts below—I’m eager to hear your insights! 🗨️👇Financial Times
Looking forward to seeing innovative solutions paving the way for a greener future.
Bridging the $9tn green finance gap needs some financial alchemy Tara Shirvani, PhD! Public-private partnerships sound like the gold standard. Let's get this green gold rush started! #GreenTransitionAlchemists #ParisAgreementGoals
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8moTara Shirvani, PhD - it may help focus minds if we continually highlight the latest on the cost of not doing something. Many business cases assume green ROI's will be higher, but miss the devaluation of existing assets/investments over time.